 T F N N headline news update Good afternoon folks Steve Rhodes coming to you live from the shores of sunny Dell Ray Beach, Florida This is your 1 p.m. Update and currently we got a mixed bag out here That mixed bag shows the DAW up 32 the S&P up 8 the NASDAQ up 31 the Russell's off 9 semis are down 6 trannies are up 127 you've got gold trained down 13 bucks 1793 as a print silver off 49 cents. It's printing out at 24 10 Lights we crude up 94 cents 84 68 natural gas up nine cents. She's trading at 580 Let's go take a look at our nine panel market update chart We begin by take a look at the ES mini now even though it's not shown here You're all familiar with the a to b equal CD pattern that is underway The key is the confirmation of a a to b equal CD pattern or the sell the d-point would be some type of Baris reversal candle right now inside the ES mini itself was more of a doji than it is a shoot Baris shooting star, but let's wait to see what the end-of-day Candlestick is in the case of the spot ball atonics. It's a moving higher But still well below its 50-day Exponential moving ever just says wind at the sails of the S&P 500 if we take a look at the NQ I'd say the NQ is the place to watch because that would give us our best signal What Stevie means by a best signal is you've got an a to b equal CD pattern That's in place here if it generates a bear a shooting star or any kind of bearish reversal candle today That would signal a top that would say signal a Gertley sell pattern or really a sell the d-point But the reason why the NQ is so important is the Dow and the ES did not form new profiles yesterday Like we were looking at when we were on the show And so it's only the NQ and if the NQ doesn't close below the top of that daily profile 15483 it just says that any topping signal is Suspect so we're gonna keep an eye on the Q the NQ US dollar index is held support May be targeting its recent highs as long as price remains above the top of that daily profile The case of gold pulled back out here, but that pulled back not damaging anything Still holding the center of its bullish structured weekly profile the resistance level that gold must clear to signal Ain't all clear to the upside is 18 15 50 the resistance level inside of silver is 24 92 price right now Just trading inside a new daily profile that looks pretty solid out here the level of support at 23 78 Resistance up at the 24 73 level Lights we crude on her merry way to highs natural gas pulling back but holding the top of that daily profile That keeps its signal Neutral to bullish out there and folks stay tuned for the trader's edge show But if you have to start your Tuesday have a terrific one and we'll look forward to seeing you again soon. Take care